Pharmaceutical Goods Price in Japan - 2023
Contents:
- Pharmaceutical Goods Price in Japan (CIF) - 2023
- Pharmaceutical Goods Price in Japan (FOB) - 2023
- Pharmaceutical Goods Imports in Japan
- Pharmaceutical Goods Exports in Japan
Pharmaceutical Goods Price in Japan (CIF) - 2023
The average pharmaceutical goods import price stood at $215K per ton in July 2023, increasing by 7.1% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in December 2022 when the average import price increased by 34% m-o-m. As a result, import price attained the peak level of $262K per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($2.7M per ton), while the price for the Dominican Republic ($50,868 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+44.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Price in Japan (FOB) - 2023
In July 2023, the average pharmaceutical goods export price amounted to $207K per ton, dropping by -7.3% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 26% against the previous month. The export price peaked at $223K per ton in June 2023, and then contracted in the following month.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Russia ($431K per ton), while the average price for exports to India ($13,294 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Imports in Japan
In 2022, overseas purchases of pharmaceutical goodses increased by 5% to 3.6K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, pharmaceutical goods imports rose remarkably to $712M in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 6.1% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Pharmaceutical Goods in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 191 | 175 | 163 | 193 | 0.3% |
| Germany | 194 | 149 | 181 | 168 | -4.7% |
| Mexico | 110 | 102 | 104 | 107 | -0.9% |
| Ireland | 16.2 | 20.2 | 24.2 | 41.6 | 36.9% |
| Denmark | 13.4 | 18.9 | 15.6 | 20.5 | 15.2% |
| Hungary | 18.8 | 21.0 | 22.8 | 15.3 | -6.6% |
| Thailand | 22.9 | 17.4 | 19.1 | 15.1 | -13.0% |
| Switzerland | 7.5 | 7.5 | 8.5 | 13.9 | 22.8% |
| Dominican Republic | 10.4 | 10.8 | 7.4 | 8.8 | -5.4% |
| Spain | 8.5 | 9.1 | 9.4 | 7.7 | -3.2% |
| Italy | 11.1 | 8.4 | 8.1 | 7.0 | -14.2% |
| Austria | 21.7 | 16.4 | 15.9 | 6.3 | -33.8% |
| China | 2.5 | 3.3 | 3.7 | 4.6 | 22.5% |
| Others | 66.1 | 73.1 | 88.2 | 103 | 15.9% |
| Total | 694 | 633 | 671 | 712 | 0.9% |
Top Suppliers of Pharmaceutical Goods to Japan in 2022:
- Germany (1177.8 tons)
- United States (544.8 tons)
- Thailand (271.5 tons)
- Hungary (252.8 tons)
- Ireland (204.7 tons)
- Spain (173.6 tons)
- Dominican Republic (154.2 tons)
- Denmark (149.6 tons)
- Mexico (139.2 tons)
- China (101.3 tons)
- Switzerland (63.2 tons)
- Italy (57.8 tons)
- Austria (27.4 tons)
Pharmaceutical Goods Exports in Japan
In 2022, the amount of pharmaceutical goodses exported from Japan rose slightly to 1.3K tons, with an increase of 3.7% compared with the previous year. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, pharmaceutical goods exports reduced to $255M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $268M, and then declined slightly in the following year.
| Export of Pharmaceutical Goods in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 50.7 | 37.7 | 63.1 | 53.2 | 1.6% |
| United States | 46.1 | 35.7 | 59.0 | 48.1 | 1.4% |
| China | 17.9 | 18.7 | 25.0 | 27.1 | 14.8% |
| Russia | 9.0 | 10.4 | 11.7 | 17.9 | 25.8% |
| Netherlands | 13.7 | 12.7 | 18.9 | 16.5 | 6.4% |
| South Korea | 18.5 | 17.9 | 17.3 | 16.0 | -4.7% |
| Singapore | 11.8 | 7.9 | 10.0 | 11.6 | -0.6% |
| Germany | 9.5 | 6.3 | 11.9 | 10.6 | 3.7% |
| Australia | 8.4 | 9.0 | 12.1 | 8.1 | -1.2% |
| India | 6.9 | 4.3 | 7.8 | 7.9 | 4.6% |
| Italy | 5.8 | 5.7 | 6.9 | 7.8 | 10.4% |
| Taiwan (Chinese) | 4.1 | 4.5 | 4.9 | 4.4 | 2.4% |
| Others | 19.4 | 19.3 | 19.4 | 26.1 | 10.4% |
| Total | 222 | 190 | 268 | 255 | 4.7% |
Top Export Markets for Pharmaceutical Goods from Japan in 2022:
- South Korea (335.3 tons)
- Belgium (184.1 tons)
- United States (153.2 tons)
- China (148.3 tons)
- Singapore (105.3 tons)
- India (76.7 tons)
- Netherlands (69.3 tons)
- Germany (50.9 tons)
- Russia (45.4 tons)
- Taiwan (Chinese) (34.8 tons)
- Australia (26.8 tons)
- Italy (21.1 tons)
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